As a prerequisite to selling real estate, a person must be licensed by the state in which they work, either as an agent/salesperson or as a broker. Before a license is issued, minimum standards for education, examinations and experience, which are determined on a state by state basis, must be met. After receiving a real estate license, most agents go on to join their local board or association of REALTORS® and the NATIONAL ASSOCIATION OF REALTORS®, the world’s largest professional trade association. They can then call themselves REALTORS® in Val Verde Hill Park Stockton, CA.
How to Choose the Best Filipino REALTOR® in Val Verde Hill Park Stockton, CA?
Using a Filipino Agent and the Obligations that are Owed to You
An agent is bound by certain legal obligations. Traditionally, these common-law obligations are to: Put the client’s interests above anyone else’s; Keep the client’s information confidential; Obey the client’s lawful instructions; Report to the client anything that would be useful; and Account to the client for any money involved.
It is easy to get a List of Stockton Filipino Realtors by searching online. A simple search with the keyword, “Filipino Realtors in Val Verde Hill Park Stockton, CA” will produce multiple results giving you a list of Brokers, Realtors, and Real Estate Agents.
A Filipino speaking REALTOR® in Val Verde Hill Park Stockton, CA is held to an even higher standard of conduct under the NAR’s Code of Ethics. In recent years, state laws have been passed setting up various duties for different types of agents. As you start working with a REALTOR®, ask for a clear explanation of your state’s current regulations, so that you will know where you stand on these important matters.
How to Evaluate an Agent
In making your decision to work with an agent, there are certain questions you should ask when evaluating a potential Stockton Real Estate Agent. The first question you should ask is whether the agent is a REALTOR®.
As a consumer, you end up registering on various real estate search sites and getting tons of emails and reports . You may find yourself asking, how can I know which Asian Realtor to work with and help me navigate through the home buying process in Val Verde Hill Park Stockton, CA? The following are some tips we suggest:
- You want to see a house when you want to see houses. Agents who are solo may say to you, “I’m not available. How about next week?” Find a Realtor that will be available to accommodate your schedule with reasonable notice.
- Local Market Knowledge. During your first conversation with the agent, ask questions about neighborhoods, schools, trains and other commuting info, specifics that you are interested in knowing about. You’ll know in 2 seconds whether the agent you are speaking with is the local market expert and can help you with all of your options.
- What are you looking for in a Filipino Realtor? Find Realtors who will be your advocates. Their job is to help you get what you want. Real estate agents are your consultants, your strategists, and your advisors. They should tell you the truth and will always provide you with enough information so that you can make an informed decision about your home purchase.
- More Tips. Ask the Realtor you are interviewing how proactive they will be in finding you a home. For example, find out if they have a marketing staff that has the resources to find homes for buyers before they hit the market. See if they take a pro-active approach instead of just waiting for new listings to appear in the MLS.
You need to trust a Filipino Realtor in Val Verde Hill Park Stockton, CA who will do everything possible to get the word out and fight for your best interests. Good work experience, a web presence, and a great network should be standard. With sites such as Zillow.com where you can easily find properties for sale and check out their estimated values and the agent’s own network, it’s easier than ever before to sell your property. The listing agent’s main responsibility is to get the word out and show the house.
Find California Homes For Sale by Owner
The California Real Estate market is one of the fastest paced and vibrant in the world. Nowhere else is property traded so fiercely and competitively and at such high stakes as in this state.
A recent report on the number of house sales in California, which was released in December of 2007, showed that more than 25,000 condo units and houses-both brand new and resale-changed hands in that month. As impressive as that figure is, it was in fact virtually unchanged from the house sales figure in November, and is actually down more than 40% from November of 2006, when house sales registered at 43,400. Records show that there has been a steady decline in house sales over the past 27 months, and that December's sales were the lowest for that particular month ever since records were first kept in 1988.
Median prices for houses also went down almost 3%-or to just over $400,000 in December-from about $412,000 in November. This price represents an almost 15% decline from December of 2006, when the median price of houses was about $472,000. The peak in median house prices was reached in the period of March to May last year, when the price of houses averaged around $484,000.
We mentioned earlier that foreclosure activity is on the rise, and indeed during the last quarter of 2007, mortgage default notices were at its highest level in 15 years. Much of this increase in foreclosed properties goes hand in hand with depreciation of home values. Many homeowners have suddenly found themselves in a position wherein they owe more on the mortgage than what the property is actually worth on the market. A large number of those who have been forced into foreclosure may have felt the pressure of high mortgage rates, the loss of income or even the need to move to another state.
One factor that can explain this phenomenon is the decline in median house prices from a high of $484,000 in March of 2007 to just slightly above $400,000 in the latter part of the year. Although this decline was perhaps partially caused by the shift in the type of houses that were sold, this would have undoubtedly still had a significant role to play in the increase of the number of homeowners who were forced to default on their mortgage loans.
Why Should I Consider Using A Filipino Realtor In California?
If you want to find a basket to live in, you'll likely have more luck than finding a house in Los Angeles that meets your price. Prices in LA are skyrocketing - and are doomed to do so for the near future with relief nary in sight. Sure, if you're a millionaire and want to invest, you're in luck. Residential houses and commercial property are popping up all the time. But if you have a history of low credit rating, bankruptcy, or foreclosures and are looking to borrow conventional loans, you're in trouble. Price tags are spinning out of control and few can afford them. Even traditionally cheaper locations in LA, such as San Fernando Valley, see rents climbing to record highs with prices in the Vally, for instance, witnessing a 7.4 percent increase!
As regards real estate prices in Los Angeles for the coming year: The most recent market report by Marcus & Millichap says that this year's asking rents citywide were up 7.8 percent to an average of $1,873 per month and the company reports that 2016 will be no better with rents climbing to 4.8 percent overall.
And if you want to know how much median homes in Los Angeles cost? Here's the shocker: The price of an LA single-family house has jumped 5.2 percent this year in contrast to median incomes that hover around 2.9 percent. Marcus & Millichap half-jokingly state that Los Angeles seems to want its residents to rent homes rather than own them. So it seems! Few Los Angelesians are going to own their own homes giving these gloomy statistics.
4. South Bay of Los Angeles
- Rents along LA's southern coast increased to 8.8 percent.
- Beach rents increased 8.7 percent to an average of $1,620 per month.
- 950 new units were added to the rental market during the past year
- More than 820 of those rentals qualified as affordable housing.
The bottom line is this...
The Los Angeles housing market is hitting record levels of craziness with ever-rising housing - and rental - prices discouraging people from buying. The number of sales stays flat as prices rise. This doesn't mean that agents have a rough time and are doomed to poverty. On the contrary, if you are a real estate agent in LA, you may want on focus on apartments and on rentals since these seem to be in demand.
Sellers, also, have a booming-for-sale market where everything is busting record high from condos and single-family houses to sales closed. Otherwise, you may want to focus on persuading people to live in baskets...